Kansas Economic Opportunity Initiatives Fund (KEOIF)
Contact: Shane Coelho, Sr. Management Analyst 316-722-7561
The Kansas Legislature established the Kansas Economic Opportunity Initiatives Fund (KEOIF) in recognition of the need to assist Kansas communities and businesses when an economic emergency or unique opportunity arises. Awards are based on:
- A major expansion of an existing Kansas commercial enterprise
- The potential location in Kansas of the operations of a major employer
- The award of a significant federal- or private-sector grant, which has financial matching requirements
- The departure from Kansas or substantial reduction of the operation of a major employer
- The closure of a major federal or state institution or facility
- Possible uses of KEOIF funds include site and facility construction, improvements, equipment purchases, and other project-related costs associated with the establishment or expansion of a Kansas facility. Requests for funds can be considered when a project includes significant local participation and commitment. The feasibility of the project is based on the local and statewide impact of the project. Projects are generally structured as five- to ten-year loans, which may be forgiven, based on job creation and guaranteed payroll commitments.